The Object of Rotary is to encourage and foster the ideal of service as a basis of worthy enterprise and, in particular, to encourage and foster:
The development of acquaintance as an opportunity for service;
High ethical standards in business and professions, the recognition of the worthiness of all useful occupations, and the dignifying of each Rotarian's occupation as an opportunity to serve society;
The application of the ideal of service in each Rotarian's personal, business, and community life;
The advancement of international understanding, goodwill, and peace through a world fellowship of business and professional persons united in the ideal of service.
From the earliest days of the organization, Rotarians were concerned with promoting high ethical standards in their professional lives. One of the world's most widely printed and quoted statements of business ethics is The Four-Way Test, which was created in 1932 by Rotarian Herbert J. Taylor (who later served as RI president) when he was asked to take charge of a company that was facing bankruptcy.
This 24-word test for employees to follow in their business and professional lives became the guide for sales, production, advertising, and all relations with dealers and customers, and the survival of the company is credited to this simple philosophy. Adopted by Rotary in 1943, The Four-Way Test has been translated into more than a hundred languages and published in thousands of ways. It asks the following four questions:
Of the things we think, say or do:
The Rotary Foundation comprises four major funds: The Annual Fund, the Endowment Fund (income used for worldwide projects), the Polio Plus Fund and the fund for Specific Causes.
Donations can be specified to any, or a combination, of these funds. There is a huge multiplier to our donations to these funds from matching sources. (For example, in the Honduras project Phase 2, $10K from Calgary West, plus $55K from other District 5360 clubs, materialised as $303K for the project.)
Donations to the Annual Fund remain in the Foundation for three years. 50% of our donations are returned to our district and 50% go to the World Fund (which are accessible to us as grants for specific projects). Even if our club were not to participate in a project in a given year, we must remember the funds are still being used to help others, which is what it's all really about.
To qualify for a project grant, each club must have an average contribution per member to the Annual Fund of US$50. Our club objective is for 100% participation as sustaining members, requiring each of us to contribute US$100 p.a. The Rotary Foundation has been awarded a four-star rating (the top rating) for its financial management, accountability and transparency. Remember, we are doing good in the world, transforming lives. So, if you are not a supporter of our Rotary Foundation, ask yourself why not? What is stopping you? There are so many ways we can contribute.
The Calgary Rotary Clubs Foundation is funded and owned by the Calgary clubs as an investment vehicle for each club individually. The income is distributed annually to each club, and its disposition is at each club's sole discretion. This certainty of income is critical to our longer term funding commitments. The income also supports many of our local projects. Consider donating via lump sum, annual donation, bequest or life insurance.
The preceding summation certainly does not cover all there is to know about the Foundations and the Funds so please refer to:
www.rotary5360.ca (and search Foundation - District Giving)
reported by Les Morgan in the November 20, 2015 Weekly Westerner bulletin